State Exports and the Asian Crisis (ICPSR 1216)

The Asian financial crisis caused a decline in most states'
exports of manufactured goods to East Asia during 1998, but the
severity of the decline varied across states. In this article, the
authors estimate the size of this export shock for all
states. Primarily because western states tend to be more dependent on
East Asian markets for export sales, they were hit the hardest by the
sharp reduction in Asian demand for United States-produced manufactured
goods. Of the states in which the dec... (more info)

The Asian financial crisis caused a decline in most states'
exports of manufactured goods to East Asia during 1998, but the
severity of the decline varied across states. In this article, the
authors estimate the size of this export shock for all
states. Primarily because western states tend to be more dependent on
East Asian markets for export sales, they were hit the hardest by the
sharp reduction in Asian demand for United States-produced manufactured
goods. Of the states in which the decline in exports to East Asia
lowered the growth of manufacturing output by more than 1 percent,
two-thirds were western states. The export changes caused by the Asian
crisis, however, were found to matter little for manufacturing
employment growth across states during 1998. Meanwhile, states with a
high concentration of manufacturing industries that use petroleum
products extensively as an input tended to have larger manufacturing
employment increases during 1998 than other states. Consequently, the
authors conclude that the oil price declines during late 1997 and
1998, some portion of which can be attributed to the Asian crisis,
appear to be more important than the export effects in influencing
manufacturing employment across states.

Access Notes

These data are flagged as replication datasets
and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material.
Users should consult the investigator(s) if further information is desired.

These data are freely available.

Dataset(s)

Study Description

Citation

Coughlin, Cletus C., and Patricia S. Pollard. State Exports and the Asian Crisis. ICPSR01216-v1. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2000-05-02. http://doi.org/10.3886/ICPSR01216.v1

Scope of Study

The files submitted are 0001ccd.zip, which unzips
to the data file 0001ccd.xls, and 0001ccp.zip, which unzips to
0001ccp.doc, the program.

These data are part of ICPSR's
Publication-Related Archive and are distributed exactly as they
arrived from the data depositor. ICPSR has not checked or processed
this material. Users should consult the investigators if further
information is desired.